Far East Pondering New Singapore REIT IPO

Market news — November 29, 2019

Another hospitality REIT could list in Singapore, as the HK developer Far East is considering another listing in the Singapore market:

Hong Kong-based Far East Consortium is working with advisers on the potential sale of trust units backed mainly by hotels under the Dorsett brand, the people said. The initial public offering (IPO) could take place as early as in the first half of 2020, according to two of the people, who asked not to be identified because the details are private.